Santander Consumer May dividend could be the last for a while

|About: Santander Consumer USA H... (SC)|By:, SA News Editor

The Fed last week told Santander Consumer USA (SC -5.4%) it didn't object to its May dividend of $0.15 per share as long as Santander (SAN -0.6%) contributes at least $20.9M of  capital to its U.S. holding company. Any further dividends will require Fed permission, and the company doesn't expect to submit a revised capital plan until January.